IRS-FORM 1023



NANAY Community Economic Development Corporation (NANAY-CEDC)

PRIMARY MISSION: COMBAT COMMUNITY DETERIORATION UTILIIZNG A MARKET BASED COMMUNITY ECONOMIC DEVELOPMENT MODEL:

Narrative Description of Activities

NANAY Community Economic Development Corporation (NANAY-CEDC), with headquarters located in the City of North Miami, will utilize a market based community economic development model using local and regional markets to positively affect the economic, environmental, and social dimensions in three areas, namely (1) small business development; (2) workforce development; and (3) community economic development. The primary mission is to develop and improve low-income communities and neighborhoods through economic and related development; whose activities and decisions are initiated, managed, and controlled by the constituents of those local communities; and whose primary function is to act as deal maker and packager of projects and activities that will increase the constituencies’ opportunities to become owners, managers, and producers of small businesses, affordable housing, and jobs designed to produce positive cash flow and curb blight in North Miami and other targeted communities.

Activities of NANAY-CEDC may include projects that promote business development, access to capital for local entrepreneurs, real estate development, small business development, commercial revitalization, housing development and other issues that foster the economic growth and development of the targeted communities.

The NANAY-CEDC market based community economic development model will utilize market forces--profit-seeking businesses and wealth-building individuals and families--to support business formation and job creation, with significant improvements in local environmental conditions and improvements in the social conditions, such as poverty and unemployment. NANAY-CEDC will attract substantial financial investment and business expertise and will bring commercial discipline to projects in the City of North Miami and other low-moderate minority communities that will ensure job creation.

Activity 1: Community Economic Development

NANAY-CEDC will carry out or support community economic development projects designed to improve the quality of life for residents in underdeveloped minority communities.

The U.S. Census 2000 reports that North Miami, where NANAY Community Center is located, has a population of over 59,880 (48.1% Haitian or African American, 24.5% Hispanic, 21.7% White, 2.1% Asian, 0.3% American Indian or other, and 3.3% belonging to two or more races). Majority of these are immigrants. There are 20,427 households, and 38% of these households are earning less than $25,000 (20.7% are below poverty level). There is a higher percent of elders (15%) in North Miami compared to Miami-Dade County overall (12.5%); 18% of residents are living on social security income, 4.5% on supplemental security income, 5.8% on public assistance income, and 7.8% on retirement income. At least 46.6% of elders have disability (compared to 8.3% in Miami-Dade County), 65% of the residents speak their own language at home, and 30% are not English proficient.

In 2003, the City of North Miami released a research document entitled “FINDING OF NECESSITY”, justifying the establishment of a North Miami Community Redevelopment Agency (). Based on their fact sheet, to the City has a total size of 5,600 acres, with a population of 60,036. Of the total 22,281 available dwelling units, 20,541 (92%) are occupied; 19,550 structures (88%) were built between 1939-1979 (more than 30 years old); 1,771 (8%) were built between 1980-1989 (more than 20 years old); and only 646 structures (3%) were built between 1990-2000 (8 -18 years old). There was an abundance of slum conditions as shown by the presence of many deteriorated infrastructure and building structures that require rehabilitation. Nearly 18 percent of all rental households in North Miami are overcrowded. Estimates suggest that only 45 percent of all households can afford a median-value home in the city.

NANAY-CEDC will carry out activities within its target area that “develop and improve low-income communities and neighborhoods through economic and related development activities that will increase their constituencies’ opportunities to become owners, managers, and producers of small businesses, affordable housing, and jobs designed to produce positive cash flow, sustainability and curb blight in the targeted community.” Such activities are designed to improve the economic conditions of North Miami, an underserved enterprise community, through business, commercial revitalization, low-income housing development and other needed community-based activities. Project activities include, but are not limited to, the following categories of activity types. The activities listed below represent a sample of NANAY-CEDC community economic development activities:

Community Economic Development

❑ Strategic community economic development planning activities

❑ Needs assessments, cluster analysis and feasibility studies to determine economic development projects

❑ Commercial revitalization projects

❑ Specific business development projects that create or upgrade jobs within a targeted area/community

❑ Community education and involvement activities that engage the target community in the development process for improving the economic development needs of the community

❑ Community-based financing activities and/or projects

❑ Wealth-building and entrepreneurship initiatives

Housing Development

❑ Housing development projects within targeted underdeveloped neighborhoods (includes new construction as well as rehab revitalization)

❑ Housing counseling and education programs aligned with housing construction objectives

Planning and Organizational Development

❑ Strategic planning and follow-up activities designed to develop and implement long-term plans

❑ Planning for project initiatives

❑ Organizational development activities leading to increased project activity

Activity 2: Workforce Development

Based on the report submitted to the North Miami City Council, the median household income in 2003 was $29,778 within the North Miami CRA boundary (where NANAY Housing Resource Center is located), lower than the $31,760 reported in Census 2000, 75% were earning less than $50,000, while 14,055 Individuals and 2,826 families are below poverty level and cannot afford decent housing.

Labor is one of the greatest assets for distressed low-moderate income communities. NANAY-CEDC will utilize a multi-faceted approach which addresses the range of factors impacting on the ability of the workforce to function with maximum results.

NANAY-CEDC Workforce Goals and Objectives:

• Increase the capacity of local leaders, organizations, and schools to create, recruit, and retain businesses and industries.

• Enable communities to identify key stakeholders and to work cooperatively to devise a plan to ascertain community assets to solve workforce-related problems and to strengthen community capacity.

• Strengthen the capacity of individuals to (a) secure employment, (b) re-enter the workforce, and (c) remain employed.

• Support the efforts of schools and businesses as they work together to provide career exploration opportunities for young people preparing to enter the workforce.

NANAY-CEDC Workforce development will target programs and policies that promote the mastery of new job-related knowledge and skills, access to employment opportunities, and real jobs. NANAY-CEDC Workforce development programs will help support a range of strategic objectives–from enhancing economic growth to targeting specific industry clusters that will lead to increased job creation for North Miami and other under served communities.

NANAY-CEDC workforce development program will meet the education, training, and employment-related needs of a targeted group of learners. It also focuses on putting in place a supportive policy and institutional environment so that learners gain access to jobs and employers benefit from increased workforce productivity.

The following is the foundation and principals to the NANAY-CEDC Workforce Development Program:

1) Construct Linkages with Private Sector

2) Establish Employment Linkages

3) Develop Labor Market Assessments

4) Develop School to work transition programs

5) Develop job placement and career counseling programs

6) Organize Training Provider/Employer Partnerships

7) Conduct Cluster (Industry) Analysis

8) Design and Implement Relevant Workforce Education and Training Strategies

Activity 3: Small Business Development (Technical Assistance); Provision of Technical Assistance to Small Businesses located in the NANAY-CEDC low-income primary service area.

NANAY-CEDC intends to provide technical assistance to Small Businesses located within the North Miami community to encourage and promote the hiring of low income residents in the community. Technical assistance will be provided to small businesses in order to access capital, assist in government compliance, and increase efficiency, in order to provide employment opportunities for low income residents and economically stabilize the community they serve.

With more than 60,000 residents, North Miami is the 5th largest city in Miami-Dade County and the 38th largest in all of Florida. The City’s population grew by 1.8% annually between 1990 and 2000, reflecting one of the highest rates of population growth in the County. This rate of growth is expected to increase through the next decade. Its culturally rich population is made up of 32% White, 48% Black and 20% Hispanic.

North Miami and surrounding areas including North Miami proper, surrounding communities of Miami Shores and Biscayne Park, Surfside, Bay Harbour, Bal Harbour, Sunny Isles Beach, Aventura and North Miami Beach make this area a Mecca for market activities. This is a sizeable market area with an estimated 150,000 households with average incomes ranging from $25,000 to over $60,000. The City of North Miami alone is home to an estimated 60,000 residents, including over 20,000 households with a median income averaging $30,000 per year. Approximately 2,500 businesses are currently located in North Miami.

The need for assistance for Small Businesses has been recognized by the current Obama administration with funds allocated to ARC loans which have been directed to lenders for guarantee by the U.S. Small Business Administration. Despite the massive federal subsidies given to the United States major financial institutions (Bank of America, Wells Fargo, etc.), and subsequent repayment, there is a growing concern that the smaller community based financial institutions have not received adequate Federal proceeds in order to remain a viable provider of financial services to local residents and small businesses needing capitalization.

NANAY-CEDC through the technical assistance provided by the Small Business Development activity hopes to connect path from the Federal Subsidies on Wall Street to the low income resident and mom and pop businesses on Main Street.

Who will conduct the activity: The NANAY-CEDC activities will be conducted by the staff of the NANAY-CEDC. NANAY-CEDC may potentially partner with private and government entities, and/or similar 501c3 non-profit entities which have the common cause of the NANAY-CEDC to promote and advance community economic development for low income residents.

Where is the activity conducted: The primary focus area will be the North Miami community within its municipal boundaries and unincorporated Miami-Dade County, with especial attention to Neighborhood Revitalization Strategy Areas (NRSAs), Community Development Block Grant (CDBG) eligible block groups, and other distressed areas in Miami-Dade County, unincorporated Dade and Broward County, may later extend to other low-moderate income communities within and outside the State of Florida when capacity will allow such activity

How does the activity further the organization’s exempt purpose: The community economic development activities will further NANAY-CEDC’s exempt charitable purpose of providing relief for the poor and distressed communities. All of the organization’s activities shall be for the purpose of furthering the its exempt charitable purpose of combating community deterioration.

What percentage of the organization’s total time is related to the activity: 100% of the Organizational focus will be related to NANAY-CEDC Community Economic Development activities which furthers the organization’s exempt and charitable purpose.

How is the activity funded: The proposed NANAY-CEDC activities shall be funded through many proposed sources. Potential sources include but are not limited to: financial institutions, federal funds received from local and state jurisdictions, application and subsequent receipt of grants awarded to non-profit entities and philanthropic donations from foundations.

Alternate names under which the organizational entity may operate: NANAY Housing Resource Center

Website address supporting proposed activity:

Compensation: NANAY-CEDC’s executive officers and staff receive compensation through grants related to the organizations mission . The following Conflict of Interest Policy has been adopted by a formal resolution of NANAY-CEDC’s Board of Directors::

CODE OF CONDUCT / CONFLICT OF INTEREST

It is the policy of NANAY-CEDC to ensure that proper code of conduct is maintained at all times. This will prevent any conflict of interest, or any appearance or semblance of conflict of interest among its officers, employees, or agents engaged in the decision making, in the provision of services, and in the awarding and administration of contracts using Federal and State funds.

1. No employee, officer, director or agent of NANAY-CEDC shall have an interest in any contract, subcontract, or agreement of the contractor or its proceeds, or shall participate in the selection, award or administration of a contract in which Federal or State funds are used if:

❑ To his/her knowledge, he/she or his/her immediate family, partners, or organization in which he/she or his/her immediate family or partner is involved, has a financial interest on the contract or agreement that is being negotiated, or has any arrangement concerning prospective employment.

❑ This applies to the persons themselves, their immediate family, dependents, or business associates during that person's tenure and for six months after the person leaves his/her position with NANAY.

2. The recipient’s officers, employees or agents shall neither solicit nor accept gratuities, nor derive a financial interest from contractors or clients. Such standards shall provide for disciplinary actions, up to and including termination of employment, for violations of such standards by the recipient’s officers, employees or agents.

3. All procurement transactions shall be conducted in a manner to provide, to the maximum extent practical, open and free competition.

4. The recipient should be alert to organizational conflicts of interest or noncompetitive practices among contractors that may restrict trade.

5. In order to ensure objective contractor performance and eliminate unfair competitive advantage, contractors that develop draft specifications, requirements, statements of work, invitations to bids and/or requests for proposals should be excluded from competing for such procurement.

6. Awards shall be made to the bidder/offering agent or whose bid/offer is responsive to the solicitation and is most advantageous to the recipient, price and other factors considered.

7. Employees and board members must be vigilant not only to avoid any conflict of interest but the appearance of the conflict of interest. The perception by the public that an unfair advantage has been gained for the use of public funds may reflect poorly on NANAY and the funding source, and could jeopardize the activity.

8. Any possible conflicting interest of any party shall be disclosed to the Board in writing immediately upon knowledge of such possible conflict, for their determination and action.

9. If a member of the Board or Executive Committee is involved in the potential conflict of interest, such member shall not be allowed to be present or to participate in the discussion, determination of need, or decisions made on the issue in question.

10. Any determination or action of the Board regarding potential conflict of interest shall be documented in the form of a resolution.

Any decision of the Board to support any issue or transaction involving potential conflict of interest must be fully justified and must be unanimously approved by all the Board members present during that meeting, with the exception of the officer or party in question. Such justification must be fully documented in the written resolution, dated and signed by all the members of Executive Committee except the officer or party in question

BENEFICIARIES:

NANAY-CECD will provide community economic development services to low-moderate income individuals as described in statement of activities. LCCECD will provide technical assistance will be provided to Small Businesses located in low-income communities to provide employment opportunities for low-moderate income residents as described in statement of activities. The provision of affordable rental housing will be limited to low individuals as that term is used in the affordability regulations adopted by the United States HUD for its “HOME” program (24 CFR 92.252). Technical assistance to Small Business will be limited to those located in low-income communities and have a commitment to hire low income residents for employment.

FUNDRAISING: For the purpose of raising funds, NANAY-CEDC will utilize the following mechanisms:

Mail Solicitations: NANAY-CEDC may send targeted sponsorship letters to civic leaders, philanthropists, and affordable housing advocates who are committed to the NANAY-CEDC goal of promoting community economic development among low-moderate income residents.

E-mail Solicitations: Through the use of electronic communications and written attachments, NANAY-CEDC may tend targeted sponsorship letters to civic leaders, philanthropists, and affordable housing advocates who are committed to the NANAY-CEDC goal of promoting community economic development among low-moderate income residents.

Personal Solicitations: NANAY-CEDC Board members, officers, directors, staff, through their professional associations may solicit funding from private relationships with individuals and/or corporations, solely for the charitable and educational activities stated in the corporate purpose of the company’s articles of incorporation, with a specific focus on the provision of community economic development to low-moderate income residents.

Website Solicitations: Proceeds will be accepted electronically through a host website, (to be developed), which also give donors insight into the goals and objectives for the NANAY-CEDC.

Government Grant Solicitations: NANAY-CEDC will actively seek out and apply for all grants which coincide with the proposed activity of community economic development. Grants shall be solicited from Federal, State, and Local jurisdictions, of which NANAY-CEDC has been determined as a qualified applicant.

While NANAY-CEDC will use a variety of solicitation methods for fund-raising, none of these efforts shall require or utilize the services of a professional fundraiser.

NANAY-CEDC will accept contributions of real property as well as items of value which may be given to the LCCEDC on a philanthropic basis. Currently we do not have any agreement(s) with any potential donors. NANAY-CEDC will not accept any asset under any condition imposed by the donor which may undermine the organization’s exempt activity and mission and purpose to provide affordable housing and community economic development opportunities in the communities of which we will provide services.

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